With President Yoon Suk-yeol impeached, volatility in the domestic stock market appears to be increasing.
As of 11:30 a.m. on the 4th, the KOSPI index is trading at 2475.91, down 0.48% from the previous day.
On this day, the KOSPI index started down about 1.4% due to the sharp drop in the New York stock market the day before and the risk ahead of President Yoon Suk-yeol's impeachment trial. However, after the impeachment trial began at 11 a.m., the index turned upward, showing a 0.8% gain, but then fell again after the impeachment was accepted at 11:22 a.m.
By investor type, foreigners are showing strong net selling. Foreigners are net selling 721 billion KRW, while institutions and individuals are net buying 121.3 billion KRW and 540.1 billion KRW, respectively. In the futures market, foreigners are net selling 328.9 billion KRW, whereas institutions and individuals are net buying 211.2 billion KRW and 100.8 billion KRW, respectively.
In particular, politically themed stocks are showing extreme volatility. Stocks associated with Lee Jae-myung, leader of the Democratic Party of Korea, such as Orient Junggong, Dongshin Construction, and Kona I, experienced rapid fluctuations of 20-30% within a short time. NE Neungyul, known as a theme stock for President Yoon Suk-yeol, rose 10% early in the session but eventually hit the lower limit price.
By sector, most sectors are weak. Machinery and equipment fell 2.1%, and food, beverage and tobacco, electrical and electronics, medical precision, general services, manufacturing, metals, construction, finance, transportation and warehousing, pharmaceuticals, insurance, and distribution sectors are also weak. Conversely, entertainment and culture, paper and wood, non-metallic minerals, and chemical sectors are showing strength.
Among the top market capitalization stocks, more are declining. Samsung Electronics and SK Hynix fell 1.22% and 4.52%, respectively, while Samsung Biologics, Hyundai Motor, Celltrion, Kia, and NAVER are also weak. On the other hand, LG Energy Solution and KB Financial are showing strength.
The KOSDAQ index showed even more extreme volatility. The KOSDAQ index, which started down about 1%, rose about 2% ahead of the impeachment trial but fell to a slightly positive range of 0.27% at the time the verdict was announced.
By investor type, institutions are net buying 56.2 billion KRW, while foreigners and individuals are net selling 20.9 billion KRW and 21.4 billion KRW, respectively.
Among the top market capitalization stocks, more are rising. Alteogen is up 1.51%, EcoPro BM 4.83%, and HLB, EcoPro, Hugel, Classys, and Kolon TissueGene are also strong. Conversely, Rainbow Robotics is down 2.03%, and Samchundang Pharm and Pharma Research are continuing their downward trend.
Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1440.2 won, down 13.5 won from the previous day.
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